Qit ik the cash outflow is classified as an operating

qit''-{
ik-{,{the
cash
outflow
is classified as an
operating
6
a.
b.
c.
d.
,'-\
{e.}

28.
Which
a.
b.
(
c.)
d.
e.
of the
following
represents
the
shares
currently in the
hands
of investors?
Authorized
shares
Issued shares
Outstanding
shares
Unissued
shares
Treasury
shares
1'*r'*"ir.!'1lrl1
29.
If Ly
stock
a-
b.
-9.
I
u.]
e.
a.
b.
c)
o
e.
@
b.
nch
Corporation
sells
and issues 100 shares
of
itsrffipar
value common
at
$11
per
share, the entry to record the
sale
will
qE#nclude
a
Debit
to
cash
of
$1,100
u;------"
Credit to contributed capital
in
excess
of par
of
$
100
dr
,
f-tkai
ci t:'
#'i:+
Credit to common
stock
of
$
1,000
Credit to retained earnings of
$
100
All
of the
above
would
be
included
,,!
{1i"ii}
'
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,
i
'i
L)
i:ii,il
f,,r
';
:
")t'
+f-,;i-{;
r
S",'f :
in - r-
i
6"
#
#l1:
#*'#
i
t!'
('{
30.
The balance
sheet
of Warner
Company showed the
following
data about its
common stock, par
$1:
authorized
shares,
5,000,000; outstanding
shares,
2,300,000;
and issued
shares
2,500,000.
Therefore, the number
of
treasury stock
shares
was
0
2,700,000
2,500,000
200,000
None of
the above is correct
The most common reason
a
company would
declare
a
stock
split
is
to
reduce the
market price
of
its stock
to
increase
the trading activity.
b.
fa
lse
results
in
a
transfer of retained
earnings
to contributed
capital
€iffifHecs
the number of
shares
outstanding
and involves a
pro
rata
reduction
in
the par value per share
c.
is
accounted for
in exactly
the
same
manner
as
a stock
split
d.
Both
a.
and
b. are correct
er,'
None
ofthe
above are correct
31.